PTPTN LOAN INFORMATION: From 3% to 1% Interest Rate

                                                       
LOAN REPAYMENT

• The borrower is encouraged to pay back the loan without waiting for the letter of claim. The period of loan repayment is based on the total loan taken as follows:

1. RM10,000 and below                          -             60 months
2. RM10,001 to RM22,000                      -           120 months 
3. RM22,001 to RM50,000                      -           180 months
4. RM50,001 and above                          -           240 months

• Administrative costs of 4% annually will be charged on the date of loan repayment up to 31st December 2003. From 1st January 2004, the administrative cost is reduced to 3% annually on the remaining monthly loan.
• Administrative costs will be calculated 6 months after completion of study or termination of loan as specified in the signed agreement. No reduction is given in administrative cost.
• Deferment of repayment can be considered for borrowers who continue their studies or who are not yet working by submitting an application. However, administrative cost will be charged during the period of deferment.
• Administrative costs will be waived for full repayment of loan within 6 months.
• Exemption of repayment will only be considered for borrowers who obtain first class honours for loans approved prior to 1st July 2005 ONLY by submitting an application.

 Methods for Repayment of Loan

A. MAIL CHEQUE/BANK DRAFT/MONEY ORDER

Payment via cheque/bank draft/money order must be crossed and made payable to ‘PERBADANAN TABUNG PENDIDIKAN TINGGI NASIONAL’. Please mail your payment in an envelope addressed to:

Chief Executive
National Higher Education Loan Corporation
Lot G2, Ground Floor, Wisma Chase Perdana
Off Jalan Semantan, Damansara Heights
50490 Kuala Lumpur
(Attn: Receiving Unit)

*Do not send cash.


Ensure your identity card number and name are written on the reverse side of the cheque/bank draft/money order.




B. ONLINE PAYMENT VIA WEBSITE

• e-FES
• www.maybank2u.com
• www.cimbclicks.com.my
• www.bankislam.biz
• www.rhb.com.my
• www.publicbank.com.my
• www.posonline.com.my
• Debit Paymet (DPE)

C. PAYMENT AT COUNTER

• One Stop Center counters in KL Sentral .Click here for more info. 

• All Bank Islam Malaysia Berhad (BIMB) branches

• All Bank Simpanan Nasional (BSN) branches. 

• All CIMB branches

• All Pos Malaysia Berhad branches

D. DEDUCTION OF PAY VIA INLAND REVENUE BOARD (IRB)

• Submit detailed information of employer by letter or e-mail
• Instructions for deduction will be issued to employer by IRB
• Whilst waiting for application to be processed, please submit payment via the methods specified.

How to Change from 3% to 1% Interest Rate?

-Log in to below website and fill in your IC and email. 
-Check for your email and you need to update the required particulars.
-Submit the form once completed and PTPTN will email us on the application result. 
-All the best !!! 

http://www.ptptn.gov.my/gateway/ujrah.jsp